Profile: General Growth Properties Inc (GGP_pa.N)
29 Jun 2016
General Growth Properties, Inc. (GGP), incorporated on July 1, 2010, is a self-administered and self-managed real estate investment trust (REIT). The Company operates through operation, development and management of retail and other rental properties segment. It is engaged in owning and operating retail properties to communities, retailers, employees, consumers and shareholders. The Company owns, either entirely or with joint venture partners, over 130 retail properties located across the United States comprising approximately 130 million square feet of gross leasable area (GLA). The Company's business is conducted through GGP Operating Partnership, LP (GGPOP), GGP Nimbus, LP (GGPN) and GGP Limited Partnership (GGPLP, and together with GGPN the Operating Partnerships), subsidiaries of GGP. The Operating Partnerships own an interest in the properties of GGP.
GGP holds approximately 99% common equity ownership of the Operating Partnerships. In addition to holding ownership interests in various joint ventures, the Operating Partnerships conduct their operations through General Growth Management, Inc. (GGMI), General Growth Services, Inc. (GGSI) and GGPLP REIT Services, LLC (GGPRS). GGMI and GGSI are taxable REIT subsidiaries (TRSs), which provide management, leasing, tenant coordination, business development, marketing, strategic partnership and other services. GGSI also serves as a contractor to GGMI for these services. GGPRS generally provides financial, accounting, tax, legal, development, and other services to the Company's consolidated properties. The Company's properties include Ala Moana Center, Boise Towne Square, Coral Ridge Mall, Crossroads Center, Fashion Show, Glenbrook Square, Jordan Creek Town Center, Lynnhaven Mall, Mondawmin Mall, North Point Mall, Oak View Mall, Park City Center and Owings Mills Mall.
General Growth Properties Inc
110 N Wacker Dr
CHICAGO IL 60606-1511